Festival editorial and membership platform Everfest has closed a new round of Series A funding, raising $3.6 million from concert promoter Live Nation and ATX Seed Ventures. Founded in 2014, the Everfest platform includes an online magazine highlighting the festival world as well as a database listing 15,000 festivals worldwide.
The investment comes as the Austin, Texas company expands its premium subscription tier for festival-goers, offering discounts and exclusive offerings for 100+ partner festivals including events like Pop Montreal and Firefly Festival in Dover, Delaware. For $49 per year, members get special access to artist meet and greets, the ability to purchase VIP tickets at GA prices and other travel and merch perks including exclusive camping offers and special giveaways.
"This is really geared towards super fans who go to five or six festivals a year," Everfest co-founder Jay Manickam tells Billboard. "It's a great value and the idea of belonging to a club that brings all these great events together really resonates with festival goers."